Blockchain and cryptocurrency market technology should be taught in schools, according to the incoming New York mayor.

The comments come just days after New York Mayor-elect Eric Adams said he wanted to receive his first three wage packets in Bitcoin (BTC).

His latest comments, during an interview with [CNN](https://edition.cnn.com/), reinforced his stance on cryptocurrency technology, with Adams suggesting schools should be teaching crypto.

## 'The New Way of Thinking'

He said: ‘We must open our schools to teach the technology, to teach this new way of thinking.’

Adams described cryptocurrency as ‘a new way of paying for goods and services throughout the entire globe’ as he urged schools to prepare students for the ‘new way of thinking’ created by by blockchain technology and digital assets.

In part, his call for crypto education was prompted by his experience with young New Yorkers. He told CNN: ‘When I talked about blockchain and Bitcoin, young people on the street stopped and asked me “What is that?”.’

## New York Should Remain a Centre of Innovation

The comments by Adams received a mixed reaction on social media, with some saying cryptocurrency technology ‘must’ become part of school curricula and others arguing schools should remain focused on teaching core subjects and the basic concepts of finance first.

During the interview, Adams suggested he will encourage businesses in New York to accept cryptocurrencies as payment. While he insisted such a move would be taken carefully to ‘get it right’, Adams insisted it was necessary to ensure New York remains a ‘center of innovation, no matter what that innovation is’.

If the school plan suggested by Adams was implemented, New York wouldn’t be the first US city to do so.

Earlier this year, a bill was passed by the Georgia House of Representatives which called for state education officials to implement in high schools a financial literacy programme which would include crypto.


Teach Global Blockchain Technology in Schools: NY Mayor

The adoption of blockchain technology continues apace with new and exciting avenues, presenting themselves on a weekly basis.

There is no more exciting environment than virtual reality and the metaverse right now. It seems as if these two worlds are the perfect fit for blockchain technology.

## GameFI Eco-System Fund

With this in mind, cryptocurrency trading giant FTX released details today of a brand new investment fund targeting [Gamefi](https://hub.gamefi.org/#/), the Metaverse and Web 3.0 companies. As a joint venture between FTX, Solana Ventures and LightSpeed Venture Partners, the ‘GameFi Eco-System Fund’ is allocating $100 million to invest in gaming studios, technology companies and ‘other projects’.

## Web 3.0

Web 3.0 can be thought of as the next evolutionary step of the internet. Through the use of artificial intelligence, decentralised networks and blockchain technology, the internet is set to undergo a revolutionary transformation. With many people viewing the evolution of Web 3.0 as less than 2 years away, the launch of the ‘GameFi Eco-System Fund’ is evidence that large investors are taking this space seriously.

This new version of the internet will be faster, fairer and have less need for central points of control and authority. Now, artificial intelligence and machine learning take the leg work out of administering and authenticating internet content.

## Play to Earn

Amy Wu of LightSpeed Venture Partners said gaming was a massive opportunity to ‘bring the next billion users to Web 3.0’. The global gaming market is currently estimated to be worth around $100 billion. Many analysts are expecting those figures to double in the next two years due to new concepts, which appeal to a much wider audience.

Mobile games like Axie Afinity and HeroFi have shown how blockchain technology and NFTs can be successfully incorporated into the gaming universe. Play to Earn gaming concepts have become huge hits in the Far East. Users can generate, trade and earn cryptocurrency by simply playing games on their mobile phones.

For more GameFi news, see [here](/news/category/gamefi).


‘GameFi Eco-System’ Fund $100m launch

Crypto exchange [KuCoin](https://www.kucoin.com/) has launched a 'virtual skyscraper' in the Bloktopia metaverse.

KuCoin will be housed in the tower’s 5th floor. The virtual building will have 21 levels and will hope to house other content creators, including Polygon and Avalanche.

The company is set to join an already well-known spread of blockchain companies based within the virtual skyscraper, including its parent company High Fidelity, Everdragons and Black Bull Capital.

## A Dynamic Environment

Black Bull Capital’s CEO, Trevor Koverko, described the building as a “dynamic environment” for blockchain companies.

He told [Cointelegraph](https://cointelegraph.com/): "I think it's going to be really unique and different, and it's going to be so cool."

"What we've done with this project is create something where you'll have people from all different walks of life and you'll have a very interesting cross-section of people that companies can go to, to service their needs."

People will be able to virtually communicate with eachother and interact within the space.

The space is host to various virtual and augmented reality activities.



KuCoin Crypto Launches Metaverse Space

Jack Dorsey, CEO of American financial service provider, Square, has revealed plans on Twitter to build an open-source Bitcoin mining system with hopes to further decentralise the Bitcoin network.

He tweeted “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more decentralised this is, the more resilient the Bitcoin network becomes.”

## 'Bitcoin Mining Should be Easier'

"Mining isn’t accessible to everyone. Bitcoin mining should be as easy as plugging a rig into a power source. There isn’t enough incentive today for individuals to overcome the complexity of running a miner for themselves.”

Square, Inc. is based in San Francisco, California and was founded in 2009 by Jack Dorsey and Jim McKelvey. The company launched its service Square Cash, which lets anyone with a debit card trade fiat for BTC. The company also offers payment processing services to merchants, charging 2.75 percent per swipe of a credit or debit card.

Dorsey believes that further decentralising the Bitcoin network will be critical for securely settling the transactions "well after the last bitcoin is mined."

For more Blockchain news, see [here](/news/category/blockchain-news).

Square's Jack Dorsey to Build Bitcoin Mining System

Launched in 2015, Decentraland is the fastest-growing role-playing metaverse. You can create your scenes and applications, explore other users’ environments, and even trade some of your properties to earn huge profits.

Decentraland’s economy runs on the Ethereum blockchain with Fungible Tokens, called MANA, acting as the game’s currency. All you need is to invest these tokens wisely and grow your properties to make money in this metaverse.

If you think buying virtual land is crazy, then here’s a surprise for you: investors are shelling out millions of dollars for virtual parcels of land, and Decentraland is THE platform to be on.

## Community

It must be called a community just based on the fact that there are concerts on Decentraland! It’s an awesome way to discover and also support new and talented artists you may have never heard of had it not been for the power of Decentraland.

Concerts are one of an infinite amount of ways to even meet other players like yourself!

Some folks are even living their dreams. The ability to buy virtual land also allows for certain entrepreneurs who are following through on what might not have been possible in the physical.

People are opening art galleries, studios, karaoke bars, live comedy clubs, dog parks, and my personal favourite: casinos!

Owning land within a casino is a very interesting aspect of earning income via Decentraland. Imagine owning a few blocks of space, enough for a few table games. Maybe blackjack, maybe baccarat- but regardless of the game on your blocks, you earn income from the table rake (similar to a real casino) every time you have players on tables. The longer they stay the more you keep earning.

## MANA pricing

The live Decentraland price at the time of writing (Oct. 14, 2021) is $0.77 USD with a 24-hour trading volume of $63,348,346 USD.

The current CoinMarketCap ranking is #76, with a market cap of $1,403,337,839 USD. It has a circulating supply of 1,816,956,991 MANA coins and the max. supply is not available.

If you're intrigued and want to buy Decentraland, the top exchanges for trading in Decentraland are currently Binance, Huobi Global, Crypto.com, OKEx, and FTX.

## Is it worth your time?

If virtual worlds intrigue you and you have plenty of time, go for it and knock yourself out you’re gonna love it.

For most like me, you might not have the time to live out your digital dreams of a comic book store but you will have time to make money. Simply buying and holding MANA is a good start. It ensures that you at the very least are holding a currency for an ever-expanding virtual world. And if you ever want to play blackjack with that MANA, come on by there’s an open seat

What is Decentraland Crypto?

It's time to talk crypto gaming.

Elon Musk once famously said, “Paper money is going away.”

Alluding to cryptocurrency, Musk suggested that “Crypto is a far better way to transfer value than pieces of paper, that’s for sure.” Musk’s prediction seems to be coming true, as crypto is becoming a very popular currency form to not only invest in but also to use in a variety of things.

It’s known that includes a wide range from the famous bitcoin pizza all the way to purchased real estate... and fund a player’s online gaming wallet?

No, not video games. Gaming, as in casino games that offer various options to WAGER in.

Yes, Crypto has made its way into Gambling.

## Gambling and Crypto

In 2020, many businesses including land-based casinos saw a temporary halt to their operations due to COVID-19. During that time, online gaming and cryptocurrencies rose in popularity. The global online gaming revenue hit approximately $66 billion in 2020—an increase of $8 billion when compared to 2019. 

But this isn't a new thing- gambling and crypto have a history together.

Cloudbet Casino is a well-known crypto casino site, which has been running since 2013. They offer a nice crypto welcome promotion for new players that consists of a 100% match deposit of up to 5 BTC/BHC/ETH/PAXG, depending on the cryptocurrency in use.

MBit Casino is an online gambling venue that went live in 2014. It's a strictly crypto-only casino that supports [BTC](/coins/btc), BCH, ETH, DOGE, USDT, and LTC. So far, crypto gamers can enjoy over 900 bitcoin games, spread in multiple game categories.

## Keeping Up With Demand

Keeping up with new technology and consumer demands, cryptocurrencies offer a variety of benefits to players and operators.

It’s a lot cheaper for gaming operators to process cryptocurrency payments compared to processing payments made with fiat currencies, resulting in operators offering better bonuses and promotions on crypto gaming platforms which leads to player acquisition and retention.

Another important aspect of cryptocurrency is transparency. Eliminating fraud and ensuring fairness is a top priority for gaming operators. A safe and secure gaming platform is a very attractive component for players looking to join online casinos- and trust them.

Also, players using certain cryptocurrencies can benefit from a high level of anonymity. Cryptos such as Monero are highly preferred due to their private and anonymous nature. According to TKEY, “Crypto players using XMR \[Monero\] can be sure that no third party will get access to their personal data and know about their gains and losses.”

## Personal Data Issues

Recently the protection of personal data has become an extremely important part of many industries. So when gaming operators include cryptos such as Monero, it helps build trust between the player and operator—resulting in more business.

The crypto-gaming space still faces many hurdles such as transaction speeds, regulations, and value fluctuation. These obstacles will take time to tackle as crypto and blockchain are a new and evolving technology.

Many payment processing companies have started adding pay-in and payout support for cryptocurrencies—indicating a growing interest in digital currency in the retail, travel, and software space. Will cryptocurrencies stay pertinent for the online gaming industry?

Only time will tell. Please place your bets.

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Teach Global Blockchain Technology in Schools: NY Mayor

‘GameFi Eco-System’ Fund $100m launch

KuCoin Crypto Launches Metaverse Space

Square's Jack Dorsey to Build Bitcoin Mining System

What is Decentraland Crypto?

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